ALM Analyst at Empower Federal Credit Union in Syracuse, New York

Posted in Finance 30+ days ago.

Type: Full-Time




Job Description:






























Role:





The ALM Analyst is responsible for assisting the Manager of Finance and CFO with asset-liability management (ALM) activities, including modeling, interpretation, reporting, and result analysis. This role involves establishing and maintaining internal modeling applications to support scenario planning and rolling forecast ALM results. The analyst will conduct in-depth studies of loan and share attributes, such as prepay analysis, credit analysis, share behavior, and surge balances. Key duties include coordinating and delivering quarter-end files to third-party partners for ALM reporting, as well as managing all quarterly ALM reporting results. The analyst will also assist in preparing, distributing, and documenting ALCO packages and meeting minutes. Additionally, the role entails performing various ad-hoc balance sheet analyses to assess predictive ALM impacts in response to rate changes and other attributes, identifying potential assumption changes to ensure compliance with interest rate risk positions, and supporting loan and share rate setting. The analyst will conduct pricing analysis of competitors within the credit union footprint and cross-train on critical tasks designated for the Liquidity Analyst role.


Location: Our headquarters are based in Syracuse, NY. We work in a Hybrid Model requiring a minimum of 5 days in office per month.





Essential Functions & Responsibilities:

40%

Support & Maintain ALM Activities:
- Manage and oversee ALM activities to support the credit union’s interest rate risk position.
- Develop and maintain scenario planning and modeling processes.
- Ensure accurate and timely reporting and analysis of ALM results.







20%

Perform ALM Modeling & Scenario Planning:
- Conduct ALM modeling for credit union initiatives, including loan and share initiatives.
- Develop and analyze budgets, rolling forecasts, and rate scenario stress tests.
- Implement and evaluate balance sheet allocation strategies related to ALM.







20%

Analyze & Interpret ALM Results:
- Interpret ALM results and prepare them for management consideration and discussion.
- Identify opportunities to enhance the credit union’s interest rate risk position through detailed modeling and analysis.
- Provide recommendations for improving ALM strategies based on analytical findings.







10%

Perform Pricing Analysis:
- Analyze loan and share rates weekly.
- Discuss pricing analysis and recommend rate changes with management.







10%

Cross-Train & Perform Additional Duties:
- Crosstrain in critical tasks designated for the Liquidity Analyst role.
- Perform other related duties as assigned to support departmental goals.



Performance Measurements:











1.

See Dayforce (HRIS) Performance Management for Goals upon start in role, and annually.



Knowledge and Skills:







Experience

5+ years in asset-liability management (ALM), including expertise in modeling, scenario planning, and analysis of interest rate risk and balance sheet strategies. Proven ability to interpret complex financial data, develop forecasts, and contribute to strategic decision-making.






Education

Bachelor’s degree in Accounting, Finance, or a related field required. Professional certification (e.g., CFA, CFP, FRM) highly desirable.






Interpersonal Skills

Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.






Other Skills

- Expertise in analyzing complex financial data and performing quantitative analysis to drive strategic decisions.
- Experience with ALM software and financial modeling tools, such as ProfitStars FPS.
- Ability to present findings effectively, prepare reports, and collaborate with management and stakeholders.
- High accuracy in data analysis, modeling, and reporting to ensure reliable outcomes.
- Understanding of regulatory guidelines and compliance related to interest rate risk and ALM practices.
- Strong problem-solving skills to identify issues, develop solutions, and enhance financial stability.
- Proven ability to work effectively with cross-functional teams and support departmental goals.






Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is required to sit for long periods at a time, use hands to finger, handle, or feel, and talk or hear. The employee is occasionally required to walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds.






Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.
















This Job Description is not a complete statement of all duties and responsibilities comprising the position.

Diversity, Equity, and Inclusion Statement: "At Empower, we value and celebrate diversity with commitment to building equitable and inclusive environments for employees and the members we serve. These environments foster connection and belonging, create spaces for all individuals to be empowered, and allow individuals to participate authentically to their full potential. We foster a culture of diversity, equity, and inclusion across race, ethnicity, disability, gender, gender identity or expressions, sexual orientation, religion, socioeconomic status, learning style, country of origin, language, political ideology, military status, cultural perspectives, and other characteristics that make our employees and members unique.”

EEO Statement: Empower Federal Credit Union is committed to equal opportunity to qualified persons without regard to basis of race, religion, ethnicity, color, national or ethnic origin, age, sex, sexual orientation, gender identity or expressions, transgender status, sexual or other reproductive health decisions, marital status, ancestry, citizenship status, physical or mental disability, genetic information/ predisposition or carrier status, status in the uniformed services of the United States (including veteran status) or any other basis protected by applicable national, federal, state, provincial or local law. 





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